Property profile

0 Spring Hill Dr Spring Hill, FL 34609

OFF-MARKET
Land
9.4 ac lot
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Property summary

AI-generated overview

This exceptional 9.4-acre commercial land parcel presents a unique investment opportunity in the thriving Spring Hill, Florida market. Strategically located on Spring Hill Drive at the Suncoast Parkway, this property offers unparalleled visibility and accessibility. The site is already entitled for commercial development, significantly reducing time and costs associated with permitting. The land is comprised of two separate 0.9-acre parcels ideal for retail development, situated at the entrance to the bustling Barclay retail node, ensuring high foot traffic and strong potential for tenant occupancy. In addition to the retail parcels, a substantial 7.4-acre portion is entitled for self-storage development, allowing for the construction of approximately 120,000 square feet of self-storage units. This mixed-use potential maximizes the return on investment, offering flexibility and diversification. Located in Hernando County, Florida, with a zip code of 34609, this property boasts an enviable location with easy access to major transportation arteries, making it an attractive proposition for a wide range of commercial ventures. The asking price for this prime development site is $4,000,000. Broker co-op is available.

Property profile

Verified
Property type Land
Lot 9.4 ac (409,464 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Spring Hill Dr Spring Hill, FL 34609
Spring Hill metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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